Gross domestic product (GDP), Current prices, Domestic currency in Somalia
Somalia: Gross domestic product (GDP), Current prices, Domestic currency was 39,519 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, 1970–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Somalia is 39,519, measured in 2019. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 0.4% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Somalia peaked at 39,519 in 2019 and was at its lowest, 2.44, in 1970.
That places Somalia 27th out of 194 countries with data for 2019, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 2.44 | — |
| 1971 | 2.47 | +1.6% |
| 1972 | 3.13 | +26.4% |
| 1973 | 3.04 | -2.8% |
| 1974 | 3.6 | +18.6% |
| 1975 | 4.77 | +32.2% |
| 1976 | 5.49 | +15.1% |
| 1977 | 6.88 | +25.4% |
| 1978 | 8.18 | +18.8% |
| 1979 | 8.98 | +9.9% |
| 1980 | 17.34 | +93.0% |
| 1981 | 22.06 | +27.2% |
| 1982 | 29.11 | +32.0% |
| 1983 | 35.13 | +20.7% |
| 1984 | 62.25 | +77.2% |
| 1985 | 87.29 | +40.2% |
| 1986 | 118.78 | +36.1% |
| 1987 | 169.61 | +42.8% |
| 1988 | 276.5 | +63.0% |
| 1989 | 559.5 | +102.3% |
| 1990 | 1,739 | +210.8% |
| 1991 | 2,333 | +34.2% |
| 1992 | 2,566 | +10.0% |
| 1993 | 3,969 | +54.7% |
| 1994 | 4,886 | +23.1% |
| 1995 | 6,425 | +31.5% |
| 1996 | 8,674 | +35.0% |
| 1997 | 11,276 | +30.0% |
| 1998 | 14,094 | +25.0% |
| 1999 | 16,638 | +18.0% |
| 2000 | 19,641 | +18.0% |
| 2001 | 21,898 | +11.5% |
| 2002 | 24,414 | +11.5% |
| 2003 | 26,856 | +10.0% |
| 2004 | 29,541 | +10.0% |
| 2005 | 35,315 | +19.5% |
| 2006 | 33,679 | -4.6% |
| 2007 | 35,770 | +6.2% |
| 2008 | 37,456 | +4.7% |
| 2009 | 39,343 | +5.0% |
| 2010 | 34,171 | -13.1% |
| 2011 | 34,047 | -0.4% |
| 2012 | 34,214 | +0.5% |
| 2013 | 33,990 | -0.7% |
| 2014 | 33,403 | -1.7% |
| 2015 | 32,375 | -3.1% |
| 2016 | 33,571 | +3.7% |
| 2017 | 36,053 | +7.4% |
| 2018 | 37,747 | +4.7% |
| 2019 | 39,519 | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9 | 2.44 | 8.98 | 10 |
| 1980s | 137.76 | 17.34 | 559.5 | 10 |
| 1990s | 7,260 | 1,739 | 16,638 | 10 |
| 2000s | 30,391 | 19,641 | 39,343 | 10 |
| 2010s | 34,909 | 32,375 | 39,519 | 10 |
Countries ranked near Somalia
- 24 Kazakhstan 69,533 compare
- 25 Madagascar 51,035 compare
- 26 Hungary 47,514 compare
- 28 Pakistan 38,559 compare
- 29 Sierra Leone 37,138 compare
- 30 Mongolia 36,898 compare
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
- Total reserves minus gold (current US$), per unit of GDP 0.013 current US$ per US$ of GDP (1989)
- Total reserves minus gold (current US$), per capita 2.16 current US$ per person (1989)
- General government final consumption expenditure (current US$) 13.22 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.0811 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 53.63 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 21.22 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 2,442 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Somalia?
- Gross domestic product (gdp), current prices, domestic currency in Somalia was 39,519 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The highest recorded value was 39,519 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The lowest recorded value was 2.44 in 1970.
- How does Somalia rank for gross domestic product (gdp), current prices, domestic currency?
- Somalia ranks 27th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Somalia?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.